Whenever lending exceeds a specific Loan to Really worth, loan providers you are going to request extra protection

Whenever lending exceeds a specific Loan to Really worth, loan providers you are going to request extra protection

Glossary out of Monetary Terms and conditions

Collision, Diseases and you can Jobless Insurance cover (ASU) This is an insurance policy that helps meet the mortgage repayments should a borrower have an accident suffer long-term illness or be made redundant. See Insurance (note for Hento – possible Link). It is wise to think about insurance when taking out a loan or mortgage but, in our opinion, these policies are very expensive when provided by the lender (because brokers earn a lot of commission from them) and for this reason we don’t get involved with them.Läs mer